InvestorsHub Logo
Followers 70
Posts 6719
Boards Moderated 0
Alias Born 11/04/2010

Re: tisdal post# 18214

Monday, 06/18/2018 7:55:31 PM

Monday, June 18, 2018 7:55:31 PM

Post# of 54059
In response to:

Through EWT, Zion will be able to determine if the Well is a proven commercial producer. That's been the goal all along. If MJ#1's Primary Zone2 has entered into Extended Well Testing, then it has been determined that it is worth the expense and time to verify it as a commercial zone of production.



The way most oil companies think: "If a well is making 400 BOPD, let's complete it & put it on production"

let's get rid of these extra cost that are not doing anything that we cannot figure out ourselves in the same amount of time (this is different in the case of a gas well)...

Extended production being needed on a Land based oil well that is not in deepwater, the arctic, or South Sudan... would suggest to me that something fishy is going on...

ZN will not have to invest much into infrastructure... so why not just put the well into production???

unless it's gas, high water-cut, or marginal...
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ZNOG News